Vietnam’s Circular No. 30/2018/TT-BTC: Procedures for allocation of entrusted rice export quotas

According to Circular No. 30/2018/TT-BTC of the Ministry of Finance of Vietnam, procedures for allocation of entrusted rice export quotas are specified as follows:

1. Upon the receipt of the report from the leading exporter on negotiation, bidding or conclusion of a centralized contract, the Vietnam Food Administration shall request rice exporters in writing to register their entrusted export quotas.

2. Within 07 business days from the receipt of written request from the Vietnam Food Administration, rice exporters shall submit an application for registration of entrusted export quotas to the Vietnam Food Administration either by hand or by email. The application documentation includes:

- The application form for registration of entrusted export quota, which specifies the quantity and type of rice to be exported under entrustment.

- The report on rice export for the last 06 months and on unhusked and husked rice inventories (sorted by type) of the exporter, which specifies the quantity of rice bought for reserve purpose at the direction of regulatory authorities (if any).

- The report on the establishment of rice material zones and purchase of unhusked and husked rice from these zones (if any).

- An application which is submitted after the deadline prescribed in Clause 2, according to the date displayed on the stamp of the receiving post office or the date of receiving email, shall be rejected.

3. The Vietnam Food Administration shall formulate a plan for allocation of export quotas in conformity with regulations in Article 6 hereof, and inform rice exporters of their allocated rice quotas.

More details can be found in Circular No. 30/2018/TT-BTC of the Ministry of Finance of Vietnam, which replaces Circular No. 44/2010/TT-BTC.

- Thanh Lam -

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